Middletown insurance distributor acquired

BY Matt Pilon

Middletown-based Futurity First Insurance Group, a national independent insurance distributor, said it's been acquired by Nebraska advisory and brokerage firm Securities America.

Financial terms of the deal were not disclosed. Futurity, which has offices nationwide offering life, health, retirement and other insurance products, says it has $222 million in client assets.

Futurity said the deal will help it to delve further into advisory services in the coming years.

John Haver, chief distribution officer of Futurity First, said in a statement that Futurity paired with Securities America because of its service, technology and relationships.

"We needed a good partner for our advisors that offered a suite of products to solve their clients' needs, and we are confident we have found that partner in Securities America," Haver said.